Moving to N. NJ, What the best town for us???

[Busch Boy]

Originally Posted by JerseyJames

Good luck........................

look at this
Morris County Library--Real property & tax information

Could someone explain why the rates are low for wealthy towns (like Mountain Lakes, Chatham, and Harding) and higher for middle class towns (like Lincoln Park, Boonton town, and Dover)?

[kalim2008]

Originally Posted by Busch Boy

Could someone explain why the rates are low for wealthy towns (like Mountain Lakes, Chatham, and Harding) and higher for middle class towns (like Lincoln Park, Boonton town, and Dover)?

It's because some towns have low rates but high assessed values for their homes....in the end, it all evens out - we're all screwed!

[Busch Boy]

Originally Posted by kalim2008

It's because some towns have low rates but high assessed values for their homes....in the end, it all evens out - we're all screwed!

LOL. Well if that's the case, I'd rather spend more of my money on mortgage than taxes. At least the mortgage is on a home that will be yours (eventually) and its a bigger asset.

[tahiti]

here's a good link that shows the effective tax rate for all towns in the state:

State of New Jersey Division of Taxation

choose the county, then township. you can compare EFFECTIVE tax rates between all towns and see which ones have lower taxes than the other.

[tahiti]

Originally Posted by Busch Boy

Could someone explain why the rates are low for wealthy towns (like Mountain Lakes, Chatham, and Harding) and higher for middle class towns (like Lincoln Park, Boonton town, and Dover)?

what do you mean? you can't go by rates, each town is different and the assessed values take that into account. you need to look at the effective tax rate, which can be found in my prior post.

[Rogernj63]

I like Ramsey in Bergen County with its Norman Rockwell down town and Blue ribbon Scholl system. You can buy a 3 bedroom 2 bath home in the 500k range too, and its in Bergen County.

[Busch Boy]

Originally Posted by tahiti

what do you mean? you can't go by rates, each town is different and the assessed values take that into account. you need to look at the effective tax rate, which can be found in my prior post.

Which is why I asked, but now I understand.

[kalim2008]

Originally Posted by Busch Boy

LOL. Well if that's the case, I'd rather spend more of my money on mortgage than taxes. At least the mortgage is on a home that will be yours (eventually) and its a bigger asset.

You misunderstand...i was talking about "tax assessed" values, not market values. Tahiti pointed out a link above that shows effective tax rates, which take into account both rates and assessed values.